India's IPO market experienced a record year in 2025, with 102 companies raising approximately Rs 1.8 trillion. While most listings saw positive initial returns, performance varied, with some jumping significantly and others declining. Financial services dominated issuance, followed by manufacturing and industrial sectors. The pipeline for 2026 remains robust, with numerous companies seeking approval, potentially raising a substantial Rs 2.5 lakh crore, including major entities like Jio and NSE.